HOA's do have their special legislation, which is why the debt survives a mortgage foreclosure also.

You'll see - owner financing of any kind will be legislated.

They write legislation and lobby for community laws.

As J Scott points out, unlicensed (non- MLO) REI doing seller financing is impacted by recent legislation... as is mortgage servicing (and foreclosure processing) in many states.

SAFE ACT legislation restricts seller financing from a business entities and doing more than a couple deals per year.I'm under the impression it's illegal in many states these days.

It seems like this will hit the small player hard.I presume you are talking about CA SB978.For the small player, trust deed investments have been legislated out of existence in CA, same as private money investments in consumer loans have been legislated out of existence nationwide.

This would seem a bit unconstitutional to me, and I'm curious if this is something that has passed and type of legislative or judicial review or if this is just something "proposed" that we don't really need to even think about...

Some of our state legislators own residential investment property and that helps.

I had a good run with that the last couple years but legislation is making it much more difficult to continue making a nice, steady income at the level I am used to.

With recent changes in legislation that real estate syndication/funds are/will be more available to the masses, I am wondering if there will be a shift in future real estate investing for out of state investing.Crowdfunding sites like Realty Mogul and Fundrise provide a portal to accredited investors now to put up relative small amounts of money across a wide spectrum (and soon maybe everyone else) to what was formerly a somewhat secret product where you pretty much had to know the sponsor.